• zos_kia@lemmy.fmhy.ml
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    1 year ago

    Thing is, fiat currency is exactly as worthless as gold or Bitcoin or pebbles. It’s just a unit of measurement so of course it has no tangible value. There’s no going back to barter because it is so impractical that any attempt to make it work will be the first step to inventing currency.

    • Lukecis@lemmy.fmhy.ml
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      1 year ago

      Well, Gold actually has uses in industry and is an actual tangible thing that people like- but I understand your point.

      and yes, I know going back to a barter economy is basically impossible without something like an apocalyptic crash of society & civilization in general.

      • zos_kia@lemmy.fmhy.ml
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        1 year ago

        I think the issue is that gold is way overhyped. Its actual value is pretty low, even aluminium is more industry-critical than gold…